https://www.taxtmi.com/caselaws?id=99698 A winding-up petition will not be advertised merely because a debt is disputed or a demand notice was not met within time, where the company has disputed liability and complied with the court-recorded payment arrangement. The HC found the company to be a running concern and held that the material did not show destruction of substratum, continuing inability to pay debts, or sufficient facts to justify winding up on the just and equitable ground. The petitioning material also suggested pressure tactics rather than a present case for winding up, so advertisement was refused. en-us Fri, 15 Dec 1978 00:00:00 +0530 Sat, 28 Jan 2012 13:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99698 A winding-up petition will not be advertised merely because a debt is disputed or a demand notice was not met within time, where the company has disputed liability and complied with the court-recorded payment arrangement. The HC found the company to be a running concern and held that the material did not show destruction of substratum, continuing inability to pay debts, or sufficient facts to justify winding up on the just and equitable ground. The petitioning material also suggested pressure tactics rather than a present case for winding up, so advertisement was refused. Case-Laws Companies Law Fri, 15 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99698